You don’t need to be able to predict the future to be wealthy. To become wealthy, it helps to have an idea of how you will react when markets go down. Many of you are comfortable with your investment plan, especially with the situation in Iran taking all the oxygen out of the room.

All the handwringing about what’s going to happen to the dollar, oil, inflation, and interest rates is nothing new. What you want to be able to do is take a lay of the land and evaluate your current money situation and then make decisions that will keep your comfort level in check.

Today, there’s plenty of yield being offered by bonds, and there’s plenty of opportunities to develop an income stream that may help your situation in retirement. What you don’t want to allow is inertia to keep you from taking action to improve your situation.

Action Line: When you’re ready to talk and take action, let’s do it. Email me ejsmith@yoursurvivalguy.com.

Read the entire series here.

Originally posted on Your Survival Guy.